Investment Summary

Susquehanna Growth Equity and ICONIQ Capital Invest In HighRadius

On September 15, 2017, growth capital firms Susquehanna Growth Equity and ICONIQ Capital invested in internet software and services company HighRadius

Investment Highlights
  • This is Susquehanna Growth Equity’s 18th and ICONIQ Capital’s 14th transaction in the Internet Software and Services sector.
  • This is Susquehanna Growth Equity’s 30th and ICONIQ Capital’s 24th transaction in the United States.
  • This is Susquehanna Growth Equity’s 2nd and ICONIQ Capital’s 1st transaction in Texas.

Investment Summary
Date 2017-09-15
Target HighRadius
Sector Internet Software and Services
Investor(s) Susquehanna Growth Equity
ICONIQ Capital
Deal Type Growth Capital
Advisor(s) Atlas Technology Group (Financial)

Target

HighRadius

Houston, Texas, United States
HighRadius is an enterprise Software-as-a-Service (SaaS) company. The HighRadius Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing, and payment processing. Powered by the Rivana Artificial Intelligence Engine, HighRadius Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. HighRadius was founded in 2006 and is based in Houston, Texas.

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Investor(S) 2

Investor

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 37 of 70
Sector (Internet Software and Services) 18 of 32
Type (Growth Capital) 21 of 41
State (Texas) 2 of 5
Country (United States) 30 of 53
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 MacroPoint

Cleveland, Ohio, United States

MacroPoint LLC is an electronic transportation network providing location-based truck tracking and predictive freight capacity data content. MacroPoint LLC was established in 2009 and is based in Cleveland, Ohio.

Sell $107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Graduway

London, United Kingdom

Graduway is a trusted by 500+ education institutions and non-profits, including UCLA, Johns Hopkins University and the University of Oxford, to manage their online alumni career communities. The company’s SaaS platform is simple to set up, available on all devices, easy to manage, and truly engages alumni. With the anchor investment from SGE, the company plans to invest in product development, expand its U.S. office and make significant hires across every business function.

Buy -
Investor

ICONIQ Capital

Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 26 of 91
Sector (Internet Software and Services) 14 of 33
Type (Growth Capital) 12 of 17
State (Texas) 1 of 1
Country (United States) 24 of 80
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Braze

New York, New York, United States

Braze is an intelligent customer relationship suite for mobile-first marketers. Their technology empowers brands to build better relationships with their customers through mobile and other digital marketing channels. Braze was formed in 2011 and is headquartered in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Devoted Health

Eagan, Minnesota, United States

Devoted Health is a US-based healthcare solution provider driving accessibility and simplicity in healthcare centered around the patient, not the provider. “The Devoted Solution” encompass putting the focus back on the patient, building relationships between providers, and focusing on quality over quantity, in essence making healthcare easier and better. Devoted Health is based in Eagan, Minnesota.

Buy -
Mergr

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